Portions of the wages expense account of a business follow: a. Indicate the nature of the entry
Question:
Portions of the wages expense account of a business follow:
a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
b. Journalize the complete entry from which each numbered posting was made. Close revenues and expenses to D. Bower, Capital.
Transcribed Image Text:
Account Wages Expense Account No. 53 Balance Post Ref Date Item 2018 Dec. 26(1) 31 (2) 31(3) 125 15,400 126 127 800,000 809,250 9,250 809,20_ 2019 Jan. (4) 2(5) 128 9,250 9,250 12914,800 5,550
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a 1 Payment last payday in year 2 Adjusting accrual of wages at end of year 3 Closing 4 Revers...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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